Auto Warranty Companies Fight For Your Business

extended car warranty - The industry of auto warranty companies is actually a fiercely competitive one. You can find a limited quantity of cars on the streets - granted, there are millions of them, and all of them, at some time or still, has or enjoyed a warranty - though with the great number of companies fighting for that business of the drivers, it means that every car owner will be the target of some very hungry sales reps.

This can be quite a daunting position to stay in for a car owner. Whether you are purchasing a new car from a dealership, or investing in a second hand car, you will have people trying to sell you their warranty services.

Within the dealership, you could run into a pushy sales representative who can try everything they can to get you to sign on for an extended warranty once you help make your initial purchase. You will find good things about buying during that time, including obtaining the costs from the warranty rolled up in to the financing for your car, and understanding that your dealership will continue to be the place to get any repairs or replacements done. But these comforts might end up costing you hundreds or 1000s of dollars in the end. Sales representatives make large commissions on warranties, so they're eager to obtain to sign up for one. If you sought out your own quotes from third-party extended warranty providers, but the price that is rolled into the financing will likely be a lot higher than it would. Granted, you should pay more up-front with those third-party companies, rather than adding a tiny number in your monthly car payment bills. But it could very well save a little money.

But as not all the car sales person has gone out to rip you off, not every third-party providers are great guys, either. The terms and conditions of the warranties they offer, although there are some risky ventures out there, so a wise shopper will compare not only the prices offered by these vendors. Don't waste your time or money - it's likely a scam, or just a really bad set of terms that will tie you to some big costs further down the road, if a company won't let you review the warranty before you buy. Auto warranty companies will fight to gain you being a client, so use that to your advantage. Make a price comparison, look at each of the relation to the warranties offered, and tell the firms you speak with “hey, make me the best offer.” If they can't, someone else will.